Prop Firm EA V1.0 MT4

Introduction

Prop Firm EA V1.0 MT4 is an automated trading system designed specifically for traders participating in proprietary firm challenges and funded accounts. Built for the MetaTrader 4 platform, it focuses on strict risk management, drawdown control, and disciplined trade execution. The system aims to help traders operate within daily and overall loss limits while targeting steady and structured growth rather than aggressive high-risk returns.

Key Features

• Fully automated trade execution
• Designed to comply with prop firm drawdown rules
• Predefined stop loss and take profit on every trade
• Adjustable percentage-based risk per trade
• Daily drawdown protection mechanism
• Maximum overall drawdown control
• Break-even protection feature
• Trailing stop functionality
• Spread filter for cost efficiency
• Compatible with MT4 Strategy Tester

Recommended Settings (Conservative Setup)

• Risk per trade: 0.5% to 1%
• Enable daily drawdown protection
• Enable maximum overall drawdown limit
• Enable break-even feature
• Enable spread filter
• Use low to moderate leverage
• Test on demo before live deployment
• Use VPS for uninterrupted trading

Backtest Result

Backtest performance depends on broker data and configuration. Under conservative risk settings, traders may expect:

• Moderate and steady equity growth
• Controlled drawdown levels
• Stable risk-to-reward performance
• Profit factor generally above 1.2–1.5 depending on data quality

Advantages

• Designed specifically for prop firm challenges
• Strong built-in drawdown protection
• Automated discipline removes emotional errors
• Adjustable risk settings for flexibility
• Capital preservation focused structure
• Suitable for traders with limited time

Disadvantages

• Moderate growth potential under conservative risk
• Performance depends on market conditions
• Sensitive to broker spread and slippage
• No guaranteed evaluation pass
• Requires proper configuration and monitoring
• Backtest performance may differ from live trading

Installation & Setup Guide

1. Download the .ex4 file.

2. Open MetaTrader 4.

3. Click File → Open Data Folder.

4. Navigate to MQL4 → Experts.

5. Paste the EA file into the Experts folder.

6. Restart MT4.

7. Enable AutoTrading.

8. Open recommended symbol and timeframe.

9. Attach the EA from the Navigator panel.

10. Configure risk percentage and drawdown limits carefully.

11. Enable live trading permissions.

12. Confirm the EA is active and running properly.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer: 

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.